St. Petersburg State University of Refrigeration and Food Processing Technologies

VTB LAUNCHES ESG INITIATIVES

Thursday, October 14, 2021 - 2:29pm

VTB Group is set to launch a Russia-wide ESG platform.

Key Points: 
  • VTB Group is set to launch a Russia-wide ESG platform.
  • In total, the ESG platform's perimeter includes about 20 areas of VTB Group's activities.
  • The new ESG strategy will be adopted by the end of 2021 and will include the following priority areas: responsible financing, including advising clients on improving the ESG side of their business, engaging clients in ESG projects and initiatives, investing in socially significant projects, sponsorship and philanthropy, organisational development, and building an ESG governance model, including related risk management.
  • VTB Group offers ESG products across all business segments, including placing green bonds, financing green industries, Russia's first open-ended mutual funds for responsible investment, and retail eco-projects.